You may be able to save more for retirement in 2019

You may be able to save more for retirement in 2019

You may be able to save more for retirement in 20192018-12-262018-12-26/wp-content/uploads/2017/02/timpe-logo-white.pngTimpe CPAshttps://timpecpa.com/wp-content/uploads/2018/12/12_26_18_508107746_itb_560x292.jpg200px200px

Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings:

Keep in mind that additional factors may affect how much you’re allowed to contribute (or how much your employer can contribute on your behalf). For example, income-based limits may reduce or eliminate your ability to make Roth IRA contributions or to make deductible traditional IRA contributions.

For more on how to make the most of your tax-advantaged retirement-saving opportunities in 2019, please contact us.